Strong support base remain unchanged while we keep tapping into these lows. Books are super liquid on the bid side from 45 down to 39k.
Strong possibility of revisiting lows at 43.9k quarterly open.
Funding been relatively flat leaning negative with brief flips towards positive. But perpetual swaps basis keep more consistently trading bellow spot.
General crypto twitter sentiment is bearish.
Around 5B will expire tomorrow in the Options market but these moves we are seeing are already reflecting that settlement event.
There are insane amount of open value allocated toward puts but put/call ratios is very low. There is a significant divergence between open value and put/call ratios which is looking bullish as well.
Futures premiums are quite normalised and not seeing huge short pressure any more for quite awhile with exception of volatility in last few days.
Most volume is produced at lower swings and rarely on pumps. Weak hands distributed to stronger ones while there is little fomo ( people not bullish)
Remember that my views are merely hypothesis and trading decisions should account for proper risk management based on risk-reward and probabilities.
If you are interested getting access to the premium scripts i use personally you can find the link bellow OR you can look for the free ones in my published scripts page.
Strong possibility of revisiting lows at 43.9k quarterly open.
Funding been relatively flat leaning negative with brief flips towards positive. But perpetual swaps basis keep more consistently trading bellow spot.
General crypto twitter sentiment is bearish.
Around 5B will expire tomorrow in the Options market but these moves we are seeing are already reflecting that settlement event.
There are insane amount of open value allocated toward puts but put/call ratios is very low. There is a significant divergence between open value and put/call ratios which is looking bullish as well.
Futures premiums are quite normalised and not seeing huge short pressure any more for quite awhile with exception of volatility in last few days.
Most volume is produced at lower swings and rarely on pumps. Weak hands distributed to stronger ones while there is little fomo ( people not bullish)
Remember that my views are merely hypothesis and trading decisions should account for proper risk management based on risk-reward and probabilities.
If you are interested getting access to the premium scripts i use personally you can find the link bellow OR you can look for the free ones in my published scripts page.
D7R
